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UBER

Uber Technologies, Inc. reaffirms its commitment to the South Korean market, aiming to increase its market share by attracting more taxi drivers. Despite Kakao's dominance, Uber is optimistic about its growth prospects. The company re-entered the market in 2021 through a joint venture with SK Group.

Portfolio Pulse from Lekha Gupta

August 30, 2024 | 12:56 pm

NCNA

NuCana plc (NASDAQ:NCNA) announced the discontinuation of its NuTide:323 study after disappointing data, leading to a significant stock drop. The study aimed to compare NUC-3373/NUFIRI-bev to FOLFIRI-bev for colorectal cancer. Despite the setback, other studies with NUC-3373 and NUC-7738 continue. William Blair downgraded the stock to Market Perform.

Portfolio Pulse from Vandana Singh

August 30, 2024 | 12:47 pm

NVDA

Nvidia's AI strategy faces challenges with delays in Blackwell GPU production, but strong demand and revenue growth potential remain. Analysts highlight Nvidia's pivotal role in the semiconductor sector and the early stage of AI investment cycles.

Portfolio Pulse from Surbhi Jain

August 30, 2024 | 12:47 pm

TM

Toyota is recalling 43,395 Sequoia Hybrid SUVs in the U.S. due to concerns about the tow hitch potentially detaching. The recall affects 2023 and 2024 models, with Toyota offering free repairs. This follows a previous recall in June for airbag issues.

Portfolio Pulse from Anan Ashraf

August 30, 2024 | 12:29 pm

AMZN

Amazon is set to revamp its Alexa voice assistant using Anthropic's Claude AI models, with a new version launching in October. This move aims to improve Alexa's ability to answer complex queries and introduce a paid 'Remarkable' version. Amazon's partnership with Anthropic is under investigation by a U.K. regulator for potential anti-competitive concerns.

Portfolio Pulse from Benzinga Neuro

August 30, 2024 | 12:21 pm

IDGT

NOK

SIXG

Nokia's stock is trading lower premarket after denying reports of selling its mobile-networks business. The company emphasized its commitment to the Mobile Networks division and announced an expansion of its R&D facility in India. Nokia's recent financial performance showed a miss in Q2 2024 net sales, attributed to weak investment in mobile network upgrades.

Portfolio Pulse from Lekha Gupta

August 30, 2024 | 12:19 pm

BNRG

LUNR

MDB

MongoDB, Brenmiller, and Intuitive Machines see significant stock price increases following positive financial results and new contracts. MongoDB reported strong Q2 results, Brenmiller announced a substantial pipeline, and Intuitive Machines secured a NASA contract.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 12:03 pm

EBS

Emergent BioSolutions shares rose following FDA approval of an expanded indication for ACAM2000, now including prevention of mpox in high-risk individuals.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 11:57 am

EBS

The FDA has approved Emergent BioSolutions' ACAM2000 vaccine for expanded use to prevent mpox in high-risk individuals. This approval is based on human safety data and animal studies. Emergent will donate 50,000 doses to Central Africa, and the vaccine is stockpiled in the U.S. and internationally. EBS stock rose 15.70% following the news.

Portfolio Pulse from Vandana Singh

August 30, 2024 | 11:43 am

NVO

Novo Nordisk's new analysis published in The Lancet shows that semaglutide reduces the risk of cardiovascular death or worsening heart failure in patients with a history of heart failure.

Portfolio Pulse from Nabaparna Bhattacharya

August 30, 2024 | 11:41 am